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Question Practice

How is the provision for discount on debtors generally expressed in financial statements?

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MCQ_SA
CBSE
Class 11
Accountancy
Accountancy - II
Financial Statements - II
Question Bank

How is the provision for disco...

Single Answer MCQ
Q-00053678

How is the provision for discount on debtors generally expressed in financial statements?

1

As an asset in the balance sheet

2

As a deduction from debtors

3

As part of current liabilities

4

As an expense in the profit and loss account

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